HDB: Growth prospects supported by the mandatory acquisition of Dong A Bank
• On January 17, 2025, HDB officially received the mandatory transfer of Dong A Bank (DAB) after preparing financial resources since 2022.• We expect HDB to continue maintaining growth in credit scale and market share in the industry, thanks to the incentive mechanisms from the State Bank of Vietnam (SBV) for commercial banks receiving mandatory transfer. In addition, HDB will be supported by the SBV to grow its total assets and profitability through the flexible use of lending and investment capital, while minimizing the negative impact of DAB on HDB.
• The SBV provides support policies for restructuring weak banks by accelerating the collection of bad debts and creating mechanisms for generating profits, enabling these banks to operate independently in the future.
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